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2018 (6)

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Digital
Intertemporal Choice
Authors: ---
Year: 2018 Publisher: Cambridge, Mass. National Bureau of Economic Research

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Abstract

Intertemporal tradeoffs play a key role in many personal decisions and policy questions. We describe models of intertemporal choice, identify empirical regularities in choice, and pose new questions for research. The focus for intertemporal choice research is no longer whether the exponential discounted utility model is empirically accurate, but, instead, what models best explain the robust behavioral deviations we observe. We introduce the term "present-focused preferences" to describe the large class of models that prioritize present flows of experienced utility. Present-focused preferences need not coincide with a preference for commitment or dynamically inconsistent preferences. Present-bias is a special case of present-focused preferences.


Multi
Handbook of behavioral economics : foundations and applications 1
Authors: --- ---
ISSN: 18755615 ISBN: 0444633898 044463374X Year: 2018 Publisher: Amsterdam : North-Holland,


Digital
Behavioral Household Finance
Authors: --- --- ---
Year: 2018 Publisher: Cambridge, Mass. National Bureau of Economic Research

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Abstract

This chapter provides an overview of household finance. The first part summarizes key facts regarding household financial behavior, emphasizing empirical regularities that are inconsistent with the standard classical economic model and discussing extensions of the classical model and explanations grounded in behavioral economics that can account for the observed patterns. This part covers five topics: consumption and savings, borrowing, payments, asset allocation, and insurance. The second part addresses interventions that firms, governments, and other parties deploy to shape household financial outcomes: education and information, peer effects and social influence, product design, advice and disclosure, choice architecture, and interventions that directly target prices or quantities.


Book
Intertemporal Choice
Authors: --- ---
Year: 2018 Publisher: Cambridge, Mass. National Bureau of Economic Research

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Abstract

Intertemporal tradeoffs play a key role in many personal decisions and policy questions. We describe models of intertemporal choice, identify empirical regularities in choice, and pose new questions for research. The focus for intertemporal choice research is no longer whether the exponential discounted utility model is empirically accurate, but, instead, what models best explain the robust behavioral deviations we observe. We introduce the term "present-focused preferences" to describe the large class of models that prioritize present flows of experienced utility. Present-focused preferences need not coincide with a preference for commitment or dynamically inconsistent preferences. Present-bias is a special case of present-focused preferences.

Keywords


Book
Behavioral Household Finance
Authors: --- --- --- ---
Year: 2018 Publisher: Cambridge, Mass. National Bureau of Economic Research

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Abstract

This chapter provides an overview of household finance. The first part summarizes key facts regarding household financial behavior, emphasizing empirical regularities that are inconsistent with the standard classical economic model and discussing extensions of the classical model and explanations grounded in behavioral economics that can account for the observed patterns. This part covers five topics: consumption and savings, borrowing, payments, asset allocation, and insurance. The second part addresses interventions that firms, governments, and other parties deploy to shape household financial outcomes: education and information, peer effects and social influence, product design, advice and disclosure, choice architecture, and interventions that directly target prices or quantities.

Keywords


Book
Introduction à l'économie
Authors: --- --- --- --- --- et al.
ISBN: 9782326001374 2326001370 Year: 2018 Publisher: Montreuil : Pearson,

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Abstract

Ce manuel, écrit par des experts de la discipline, aborde l'économie dans une perspective pratique et engageante. L'adaptation française propose ici une version condensée de l'ouvrage original, centrée sur le programme des deux premières années de licence, tout en préservant la démarche originale des auteurs. Il permet à l'étudiant d'analyser le monde qui l'entoure selon trois principes clés : - l'optimisation des choix des agents ; - la notion d'équilibre ; - la nécessité de la validation empirique de la démarche théorique.Articulant étroitement faits et théorie, chaque chapitre débute avec une question ancrée dans le réel à l'aide de cas pratiques parlant aux étudiants. L'analyse menée au fi l du texte la résout en l'illustrant d'exemples concrets grâce à une approche empirique. Ce manuel propose un contenu équilibré, examinant autant les questions microéconomiques que macroéconomiques. Outre les concepts et mécanismes fondamentaux de l'économie comme les incitations, la main invisible, la théorie des jeux, la comptabilité nationale, le fonctionnement du marché du travail, les politiques contracycliques, etc.

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